Eastman Chemical (NYSE:EMN) Updates FY 2025 Earnings Guidance

Eastman Chemical (NYSE:EMN) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 8.000-8.750 for the period, compared to the consensus earnings per share estimate of 8.460. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $115.00 to $109.00 in a report on Tuesday, January 14th. Mizuho upped their price objective on Eastman Chemical from $113.00 to $117.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Eastman Chemical from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Citigroup cut Eastman Chemical from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $104.00 in a research report on Wednesday, December 18th. Finally, Piper Sandler decreased their target price on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.92.

Eastman Chemical Price Performance

Shares of EMN stock traded down $0.08 on Thursday, hitting $92.62. 1,379,102 shares of the stock traded hands, compared to its average volume of 1,043,472. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $95.14 and a two-hundred day simple moving average of $100.07. Eastman Chemical has a 52 week low of $80.71 and a 52 week high of $114.50.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.60 by $0.27. Eastman Chemical had a return on equity of 15.37% and a net margin of 9.47%. As a group, equities research analysts predict that Eastman Chemical will post 7.6 earnings per share for the current fiscal year.

Eastman Chemical Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 16th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.32 annualized dividend and a dividend yield of 3.58%. This is a boost from Eastman Chemical’s previous quarterly dividend of $0.81. Eastman Chemical’s dividend payout ratio (DPR) is presently 44.44%.

Insider Transactions at Eastman Chemical

In related news, SVP Julie A. Mcalindon sold 4,456 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.84, for a total transaction of $471,623.04. Following the sale, the senior vice president now owns 4,403 shares in the company, valued at approximately $466,013.52. This represents a 50.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Moore Killian sold 3,061 shares of Eastman Chemical stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $105.00, for a total transaction of $321,405.00. Following the transaction, the senior vice president now directly owns 12,366 shares of the company’s stock, valued at $1,298,430. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,021 shares of company stock valued at $1,895,948. 1.93% of the stock is currently owned by insiders.

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.